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“The Trolley Song,” a second-act standout from the 1944 movie musical “Meet Me in St. Louis,” was sung by Judy Garland in striking Technicolor. And yet it has found new life online nearly 80 years later as an unlikely anthem for LGBTQ Pride. “Happy pride month (sic) to Judy Garland in the trolley song. Kelleher likened it to Cher’s 1998 autotune fantasia “Believe” but “somehow even more gay.”Like Cher’s hit, “The Trolley Song” is dripping in artifice. “The Trolley Song” has been adopted by LGBTQ people since Garland first started singing it in concert.
Persons: , Louis, Judy Garland, Sabrina Carpenter’s, Oz, Dave Karger, Patrick Kelleher, Garland, ” Kelleher, , huff, Esther Smith, , clang ’, , zing ’, Paige Turner, … ” Turner, ” Paige Turner, Turner, Kelleher, Louis ”, Manuel Betancourt, “ Judy, Rufus Wainwright, , Judy, Rufus, Wainwright, ” Wainwright, Garland’s, ” Karger, Dee Michel, Dorothy, ’ ”, Michel, ” Michel, Jim Bailey, Princess Diana, King Charles, Liza Minnelli, It’s, ” Turner, “ Gay Organizations: CNN, LGBTQ, Turner, TCM, Warner Bros ., Pride, Broadway, Carnegie Hall, Capitol Studios, Gay Boys Locations: St, Ireland, Missouri, New York, London, Los Angeles
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Home prices set another record high in April
  + stars: | 2024-06-25 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHome prices set another record high in AprilCNBC's Diana Olick joins 'Money Movers' to discuss the latest on home prices.
Persons: Diana Olick
Here's how bad housing affordability is now
  + stars: | 2024-06-25 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +4 min
Home prices set another record in April, even as mortgage rates rose and the supply of homes for sale increased. Usually, under those circumstances, prices would weaken, but today's housing market is unlike any other in recent history. The housing cost burden has hit a record, according to a new report from Harvard's Joint Center for Housing Studies. Housing supply was already low before the Covid pandemic hit, because homebuilders had yet to recover from the 2008 financial crisis. Then there was a pandemic-induced run on housing, causing supply to drop to record lows for several years.
Persons: Brian Luke, Dow, HJCH, homebuilders, Homebuilders couldn't, Orphe Divounguy Organizations: Mortgage News, Dow Jones, Harvard's, for Housing Studies
In some ways, they're actually faring better than their older millennial peers, and their struggles point to larger cracks in America's social support systems. Younger millennials are getting creative about becoming homeowners, explained Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors. Because younger millennial women are focused on their careers, they're continuing the overall millennial trend of delaying family formation. AdvertisementAnd some of younger millennials' accumulated wealth has faded thanks to inflation, Ricketts said. He pointed out that younger millennials who invest their wealth well are more likely to consume and drive economic growth.
Persons: I've, , Diana Elliott, somethings, Gabby Davis, Davis, Gen Z, Cuspers, they've, Elliott, they'll, millennials, Rollin, Zers, Louis Fed, didn't, Louis, Lowell Ricketts, Ricketts, aren't millennials, who've, Younger millennials, Jessica Lautz, They're, Lautz, they're Organizations: Service, Pew, Population Reference, Louis Fed, Fed, National Association of Realtors, NAR, Young Locations: U.S
Home prices hit record high in May as sales stall
  + stars: | 2024-06-21 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com   time to read: +1 min
watch nowSales of previously owned homes are sitting at a 30-year low and didn't move much in May as prices hit a new record and mortgage rates remain high. The sluggish sales pace came as rates took a big leap in April. David Ryder | Bloomberg | Getty ImagesSales were unchanged month to month in all regions except the South, where they fell 1.6%. At the current sales pace, there is now a 3.7-month supply. "Eventually, more inventory will help boost home sales and tame home price gains in the upcoming months.
Persons: Lawrence Yun, David Ryder, Yun Organizations: National Association of Realtors, Mortgage News, NAR, Bloomberg, Getty Locations: Issaquah Highlands, Issaquah , Washington, US
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Amazon replaces plastic packaging: Here's what to know
  + stars: | 2024-06-20 | by ( Diana Olick | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmazon replaces plastic packaging: Here's what to knowCNBC's Diana Olick joins 'Squawk on the Street' with the latest news from Amazon.
Persons: Diana Olick Organizations: Amazon
Consumers seemed unimpressed by the latest drop in mortgage rates. Total mortgage application volume rose just 0.9% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. "Mortgage rates dropped last week following the latest inflation data and the FOMC meeting," said Mike Fratantoni, MBA's SVP and chief economist. Mortgage applications to purchase a home rose 2% for the week and were 12% lower than the same week one year ago. Mortgage rates moved a little bit higher to start this week but then pulled back Tuesday after weaker than expected retail sales data.
Persons: Mike Fratantoni, Matthew Graham Organizations: Mortgage, MBA's, Mortgage News
But there's another corporation beating LVMH at its own game, and you probably haven't even heard of it: Richemont. Switzerland-based Richemont, behind brands like Cartier, Van Cleef & Arpels, and Piaget, is having a moment. "All of this favors the most established brands: Cartier and Van Cleef." Driven by Richemont's top brands, Cartier and Van Cleef, sales gained 7% in the country, including Hong Kong and Macau, in Richemont's 2024 fiscal year. "If you're in a bar or restaurant, you're sitting at a distance, you can recognize the Labra pendant from Van Cleef.
Persons: , Louis Vuitton, Bernard Arnault's, Van Cleef, Piaget, outperforming LVMH, Saint Laurent, It's, Cartier, Chiara Battistini, it's, Gucci, Arnault, Johann Rupert, Rupert, Richemont, Fflur Roberts, HSBC's Rambourg, Diana —, Tim Graham, Jelena Sokolova, Morningstar, Rambourg, Euromonitor's Roberts, Van, Keith Tsuji, Sokolova, Cleef, Nicolas Bos, — Bos, Nicholas Bos, Jared Siskin, I've, What's, JPMorgan's Battistini, Bos, Porter Organizations: Service, LVMH, Business, Cartier, Gucci, HSBC, Google, JPMorgan, Credit Suisse, Deloitte, Local, Art Basel, McKinsey, Prada Locations: Switzerland, China, Euromonitor, Hong Kong, Macau, Art Basel Hong Kong, Asia
His teacher yelled at him, he said. And when Ms. Lopez picked him up from school, he would often immediately start to cry. This year at a new school, Nathanael, 7, was happier. He shared a teacher with only six other students — not in one classroom, but in the entire school. Nathanael attended a microschool, an increasingly popular type of super-small, largely unregulated private school, often serving fewer students than are enrolled in a single classroom at a traditional school.
Persons: Nathanael, Diana Lopez, Lopez, Locations: Nathanael
110 of these images are published now in the monograph “My America;” quiet, monochromatic images of everyday sites like parking lots, rural roads and suburban sidewalks. Diana MatarMonique Deckard, 43, was shot and killed by police officers outside her apartment in Anaheim, California, on March 8, 2015. Two chairs on a sunny sidewalk in Los Angeles, California, indicate where 37-year-old Norma Guzman, 37, was shot and killed by police officers in 2015. Terence Crutcher, 40, was shot and killed by a police officer in Tulsa, Oklahoma on September 16, 2016. Diana MatarClemente Najera, 38, was shot and killed by a sheriff's officer in Elsinore, California, on April 15, 2016.
Persons: Diana Matar, , ” Matar, “ Timewise, , Matar, Saycon, Diana Matar Charles Pettit Jr, Diana Matar Monique Deckard, Terence Crutcher, Jose Cruz, Norma Guzman, ” Norma Guzman, Guzman, Diana Matar Rodney Turner, Diana Matar Ian King, , Eric Garner, Michael Brown, Tamir Rice, Walter Scott, — Matar, Diana Matar Clemente Najera, Diana Matar Jose Rodriguez, Diana Matar “ Organizations: CNN, The Guardian, Los Angeles City Council, Columbia University’s Barnard College Locations: California, Texas, Oklahoma, New Mexico, Long Beach , California, Midwest City , Oklahoma, Anaheim , California, Tulsa , Oklahoma, Addison , Texas, Los Angeles , California, Oklahoma City , Oklahoma, Ponca City , Oklahoma, New York City, Libya, North Africa, Italy, Ukraine, Ferguson , Missouri, Cleveland , Ohio, Charleston , South Carolina, America, Elsinore , California, Albuquerque , New Mexico,
Rising Risks: Impact on Coastal Real Estate Values
  + stars: | 2024-06-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRising Risks: Impact on Coastal Real Estate ValuesDiana Olick profiles how rising sea levels and coastal erosion are devastating real estate values in some of the nation's highest-profile luxury housing communities.
Persons: Diana
watch nowAs sea levels rise and storms intensify, coastal real estate is seeing flooding and erosion like never before. From Dana Point, California, to Long Island, New York and Nantucket, Massachusetts, some of the nation's priciest coastal real estate is in an increasingly precarious position due to climate change. Various risk models have shown myriad projections for falling real estate values, but the effects of climate change are already hitting the market — and at a faster pace than most expected. A Nantucket home listed last summer for just over $2 million sold early this year for just $600,000. "There have been several," said Shelly Lockwood, a real estate agent on Nantucket.
Persons: Dana, Shelly Lockwood, Lockwood, that's, it's, Kay Tyler, he's, Chris Farley, Farley, Diana Olick, Olick Organizations: National Oceanic, Atmospheric Administration, Nantucket, Boston Globe, First, CNBC Locations: Dana Point , California, Long, , New York, Nantucket , Massachusetts, Nantucket, Montauk, Gulf Coasts, United States, Lockwood
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican coastal houses face erosion and dwindling home valuesCNBC’s Diana Olick joins 'Power Lunch' to discuss the rising risks of having homes in America's coastal towns due to flood risks.
Persons: Diana Olick
Read previewKing Charles III was born on November 14, 1948, so you likely wouldn't expect him to be thinking about his birthday in the summer. According to the royal family's website, Trooping the Colour has been the British sovereign's official birthday celebration for over 260 years. AdvertisementTrooping the Colour is the monarch's official birthday celebrationThe annual celebration occurs in the summer, regardless of when the reigning monarch's actual birthday is. King Charles and Queen Camilla at Trooping the Colour 2023. Nowadays, the event typically takes place on a Saturday in June.
Persons: , Charles III, King Charles, Queen Camilla, Chris Jackson, King George II, Queen Elizabeth II, Queen Elizabeth, Anwar Hussein, Buckingham, Princess Diana, Prince Harry, Charles, Ben Stansall, Kate Middleton, Kate Organizations: Service, Business, Horse Guards, BBC, Ministry of Defence, RAF, Buckingham Palace, Irish Guards, Irish Guard Locations: British, Buckingham Palace, Whitehall, London, Buckingham, Queen, Windsor
Mortgage rates dropped for much of last week, causing total mortgage application volume to surge nearly 16% compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. But rates jumped back up again after a stronger-than-expected monthly employment report Friday. For the bulk of the week, rates were lower than that, but Friday's news caused rates to jump 12 basis points, according to a separate survey from Mortgage News Daily. Homebuyers are not only contending with high interest rates but also high home prices. A monthly survey from Fannie Mae found 86% of consumers say now is a bad time to buy a home.
Persons: Mike Fratantoni, Fannie Mae, Fratantoni, Matthew Graham of Organizations: Mortgage, Mortgage News, Federal Reserve, Matthew Graham of Mortgage News
CNN —USA Basketball’s decision to omit Caitlin Clark from the Olympic roster was initially met with some shock. However, USA Basketball has made a “terrible decision,” according to CNN Sport analyst Christine Brennan, by omitting a phenomenon like Clark from the roster. Breanna Stewart, a two-time WNBA champion, Brittney Griner, a nine-time All Star and A’ja Wilson, a two-time MVP, have all represented Team USA at an Olympic Games before. “She’s the biggest thing in sports, not just women’s basketball in the United States,” Brennan said of why Clark should be included. With or without Clark, Team USA is the overwhelming favorite to win gold in Paris and continue its unbeaten Olympic record stretching back to 1992.
Persons: Caitlin Clark, Clark, wasn’t, , Christine Brennan, She’s, ” Clark, Brian Spurlock, I’m, Alyssa Thomas’s, Diana Taurasi’s, Breanna Stewart, Brittney, A’ja Wilson, Greg Fiume, Sabrina Ionescu, Jackie Young, Stewart, Betnijah Laney, it’s “, “ I’ve, , that’s, ” Brennan, Caitlin, Don Riddell, Brennan, Gregory Shamus, Diana Taurasi, Diana, , ” Stewart, Taurasi, Paige Bueckers, USA, Jennifer Rizzotti, she’s, Jayne Kamin, There’ll, Rebecca Lobo, Candace Parker, , Christian Laettner, women’s Organizations: CNN, USA, WNBA, CNN Sport, Chicago Sky, Indiana Fever, Indiana, Team USA, Olympic, Getty, NCAA, Hamilton, Fever, Basketball, , Iowa, Sports, Reuters, USA Basketball, Team USA’s, NBA Locations: Paris, , Iowa, Long, men’s, United, United States, Clark, America, Africa, Europe
CNN —Black shades and a red towel were all Blackpink’s Jennie Kim needed to look chic ahead of the Jacquemus show in Capri, Italy. And just as Bardot was to Godard, Jennie was designer Simon Porte Jacquemus’s star on the runway on Monday. In her surprise runway debut, the 28-year-old closed the show of minimalist form and colorful threads in a backless halter dress, paired with a turquoise shoulder bag and zebra-print heels. Fans waiting outside venues have become a fixture as they look to get a glimpse of the K-pop celebrities attending fashion shows. Of course, fans would have had a difficult time getting to this runway location.
Persons: Jennie Kim, Brigitte Bardot, Jean Luc Godard’s, Mépris, Bardot, Godard, Jennie, Simon Porte Jacquemus’s, Curzio Malaparte, Godard’s, Mépris ”, , Stephane Cardinale, Corbis, Jacquemus, , , Luc Godard, Princess Diana, Jacques Demy’s Organizations: CNN, Casa Malaparte, Chanel Locations: Capri , Italy, Casa, of Salerno, Dua Lipa, Jean, Versailles
Ms. Abu Amr finally arrived home with her son hours later, shocked that she was still alive. To rescue the hostages, Israeli troops entered two residential buildings in which they were being held, according to Rear Adm. Daniel Hagari, the Israeli military spokesman. The medical facility — already packed before the Israeli rescue mission in nearby Nuseirat — overflowed, said Abdelkarim al-Harazin, 28, a physician working there. Gathering her children, she sprinted to the nearby Al-Awda medical center in a desperate search for safety. Gazans there were cursing not just Israel, but Hamas as well, he said, blaming them for bringing this disaster upon them.
Persons: Gazans, Bayan Abu Amr, Mohammad, , Abu Amr, Daniel Hagari, Admiral Hagari, Khalil Daqran, Abdelkarim, Aqsa, Javed Ali, Diana Abu Shaban, Saeed, , Ms, Abu Shaban, Abd Al, Rahman Basem al, Masri, he’d, ” Mr Organizations: Hamas, , Aqsa Martyrs Hospital, International Medical Corps Locations: Nuseirat, Gaza, Al, Aqsa, Deir al, Deir, Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email86% of consumers believe it's a bad time to buy a home: Fannie MaeCNBC's Diane Olick joins 'Power Lunch' to discuss a new survey data from Fannie Mae on housing sentiment.
Persons: Fannie Mae CNBC's Diane Olick, Fannie Locations: Fannie Mae
CNN —USA Basketball’s roster for the women’s Olympic basketball team that will chase gold in Paris this summer will not include WNBA rookie sensation Caitlin Clark, according to CNN sports analyst Christine Brennan. The US women’s team will play an exhibition game against Germany in London on July 23 before their first game of the 2024 Paris Olympics on July 29. The USA women’s 3x3 team features some of America’s younger talent. 3x3 basketball is being contested in just its second Olympic games, with the US winning the inaugural women’s gold medal in Tokyo in 2021. The USA women’s national team, consistently loaded with a surplus of talent, has won gold at seven straight Olympic Games dating back to 1996.
Persons: Caitlin Clark, Christine Brennan, Brennan, , Brittney Griner, Diana Taurasi, Breanna Stewart, Griner, , Cameron Brink, Hailey Van Lith, Rhyne Howard, Cierra Burdick Organizations: CNN, USA, Olympic, WNBA, ” CNN, USA Basketball, Olympics, US, Germany, USA women’s Locations: Paris, Russia, London, Japan, Belgium, Germany, Spain, Tokyo
CNN —Chicago Sky rookie Angel Reese was ejected late in the fourth quarter of her team’s 88-75 defeat by the New York Liberty on Tuesday after receiving back-to-back technical fouls. In a post on X, formerly Twitter, Chicago Bulls guard Lonzo Ball seemingly offered to pay Reese’s fine. “Ref that threw out @Reese10Angel is weak btw… You know who you are (Keep ya money Angel I got you),” Ball wrote on X. Reese finished the Commissioner’s Cup game with 13 points and 10 rebounds but shot 25% from the field. Breanna Stewart had a huge game for the Liberty, putting up a game high 33 points to go with 14 rebounds and three assists.
Persons: Angel Reese, Reese, Charles Watson, , waiving, Marina Mabrey, “ You’ve, Teresa Weatherspoon, , Lonzo, Angel, ” Ball, ” Reese, Breanna Stewart, Melissa Tamez, Chennedy Carter, Clark, Billie Jean King, Chris Evert’s, King, Maya Moore, Sheryl Swoopes, Candace Parker, Diana Taurasi, A’ja Wilson, Caitlin, Christine Brennan, we’ve Organizations: CNN, Chicago Sky, New York Liberty, WNBA, Twitter, Chicago Bulls, Liberty, Sky, tennis, USA
Mortgage interest rates last week moved to the highest level since early May, and that pushed mortgage demand lower for the second straight week. Total mortgage application volume fell 5.2% last week, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Mortgage applications to purchase a home fell 4% for the week and were 16% lower than the same week a year ago. Buyers are not only contending with higher interest rates. Mortgage rates ended last week with a sharp drop on Friday and then continued to slide this week.
Persons: , Mike Fratantoni, Fratantoni, Matthew Graham of, Graham Organizations: Mortgage, MBA's, Government, Matthew Graham of Mortgage News Locations: Austin , Texas
CNN —After decades of false starts, researchers say they are finally making progress on a long-acting and reversible birth control option for men. The gel was developed by the National Institutes of Health and the nonprofit Population Council, and it takes much the same approach as birth control pills for women. “I would say our expectation was that it would be similar to hormonal birth control pills. The gel also seems to have other advantages over female birth control. To him, it doesn’t feel fair that his partner has to shoulder the burden of birth control.
Persons: “ We’ve, , Diana Blithe, Blithe, , that’s, Matthew Treviño, it’s, he’s, “ I’ve, Emily Fletcher, , Roe, Wade, ’ “ Fletcher, Treviño, ” Treviño, That’s, Christina Wang, Dr, Sanjay Gupta, Wang, they’ll, Brian Nguyen Organizations: CNN, National Institutes of Health, Population Council, NIH’s National Institute of Child Health, Human, Endocrine Society, World Health Organization, University of California, UC Davis, US Food and Drug Administration, Lundquist, Medical, Get CNN, CNN Health, University of Southern Locations: Boston, Sacramento , California, Davis, University of Southern California
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